Reference no: EM132581367

Inaya Valley Orchards, Inc. (IVO), developed standard costs for direct material and direct labor. In 2011, IVO estimated the following standard costs for one of their most well loved products, the IVO classic Grandma's large apple pie which had a brown sugar coating on the top of the crust as well as including cranberry and mince ingredients in addition to the apples.

                             Budgeted quantity        Budgeted price

Direct materials         1.50 kilograms           $7.25 per kilogram

Direct labor               0.25 hours                $14.00 per hour

During September, IVO produced and sold 1,200 pies using 1,875 pounds of direct materials at an average cost per pound of $7.00 and 280 direct labor hours at an average wage of $14.25 per hour.

Required:

Question (A) September's direct manufacturing labor price variance is:

Question (B) September's direct manufacturing labor efficiency variance is:

Question (C) September's direct material price variance is:

Question (D) September's direct material quantity variance is